Here are the key points from the latest PortfolioDirect investment report
Here are the key points from the latest PortfolioDirect investment report. Cyclical conditions have shown no improvement although, in contrast to the price action, a statistical analysis of physical market balances suggests the copper market is actually close to another cyclical take-off point. Global conditions appear to have stopped deteriorating but the US Federal Reserve remains hard-pressed to justify policy tightening. The trajectory of sector prices remains upward with falling volatility being a sign of improving confidence about sectoral outcomes. The momentum of gold equity prices has stalled. Unusually, some of the biggest gains in the sector in February came from the largest stocks. Exploration stocks appeared unable to hold their gains for long. Sipa Resources was removed from the model portfolio after a recent strong share price rise. (VIEW LINK)
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
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